News
Crane joins ADS Securities from SEB
Al Crane, former head of eFX liquidity sales, will join in February as head of institutional sales for Europe and the Americas
R3 concludes membership round, adding 12 more banks
The number of banks participating in the blockchain project rises to 42 since its September launch
Finma bans six former UBS employees
The Swiss watchdog issues six industry bans against managers and traders for serious regulation breaches in the FX and precious metals business
Tom Hayes' prison sentence reduced
The former UBS and Citi trader, who was found guilty of rigging Libor, has his prison time cut to 11 years
Fed raises rates for first time since 2006
What happens next is anyone's guess in terms of the pace of hikes
MiFid II delay gives market participants more preparation time
They should use the extra time wisely, says expert
The year in people moves: 2015 sees more senior exits
The reshuffle at the top of foreign exchange investment banking continues amid structural shifts in the market
Schmitz joins Commerzbank from Goldman Sachs
Former co-head of Continental Europe and Ceemea FX sales joins the German lender as head of FX and derivatives for institutional sales
Carlier scores partial win against Lloyds
The former trader wins his unfair dismissal claim, but the judge rules he made no protected disclosures. The decision limits the payout he can claim
Banks move towards active compliance
Banks are taking a less passive approach and striving to spot wrongdoing early on
Smart resigns from RBS to join XTX Markets
XTX Markets confirms Jeremy Smart's move
Hopkins and Eggleston leave Morgan Stanley
Amid wide-scale cuts to the bank's FX and rates business, which, say sources, will hit 40% of the London team
Le Gallais joins BGC Partners as MD with Swiss focus
BGC plans to expand its presence in Switzerland as more buy-side firms set up shop in the country
Metcalfe exits Investment Association
As the trade body disbands its regulatory unit, Jonathan Gee also leaves
Syn to lead expanded derivatives unit at SGX
Michael Syn takes up his new post amid an organisational restructuring at the Singapore Exchange
Non-banks up the ante in Asia's FX markets
Primary providers are seeing their market share for spot and derivatives erode as corporates turn increasingly to non-banks, new research shows
Obituary: Steve Nicholson
Nicknamed Nico and Rock, Nicholson's friends are invited to celebrate his life on December 11 at the Jamaica Inn Tavern in the City
Iorio departs Barclays after seven years
Jim Iorio, head of global FX and commodities distribution, leaves the UK bank
ECB takes steps to discourage trading on euro reference rate
The European Central Bank delays publication of the euro rate until 15:00 GMT and warns it may delay a whole day if trading activity linked to the rate does not decline
Dangerfield appointed interim CTO at FXecosystem
Matt Dangerfield brings 19 years of ultra-low latency experience to the connectivity provider
Saxo signs partnership with JSC Galt & Taggart
The new partnership aims to bolster Saxo Bank’s business platform for its institutional client base
Renminbi payments double between China and Japan
But while the Chinese currency is booming, trading volumes in the wider FX market fell in November
Pillitteri and Jerome among Morgan Stanley exits
The US bank levies staff cuts of 25% in FX and rates globally
Power shifts to PBs in new credit landscape
"My utmost concern is to make sure my prime broker is happy," says ADS Securities' chief operating officer